ORDINANCE NO. 3-83
AN ORDINANCE TO AMEND ORDINANCE NO. 25- APPROPRIATE 81 AND FUNDS FOR CAPITAL EXPENDITURES IN THE WASTE WATER CAPITAL IMPROVEMENTS FUND AND DECLARING AN EMERGENCY. -
Providing For Adjustments Of The Annual Budget For The Fiscal Year 1982 And To Provide Sums To Meet Current Obligations Arising From The Reconstruction Of The Pearl Street Sewer.
WHEREAS, Pursuant to the provisions of Section 2. 08 of Article II of the Charter of the Village of Granville, Ohio, the fVoirllatghee' Cfisocunacl il is authorized to adopt the Municipal Budget year beginning January 1, 1982 and ending December 31, 1982, and;
WHEREAS, Such a budget has been adopted for the fiscal year h19e8r2eabfutet r did not include provisions for expenditures for sums indicated, and;
WHEREAS, The Pearl Street Sanitary Sewer Construction has been deemed to be a necessity, and;
WHEREAS, The Village of Granville borrowed the sum of $76, 000 for a period of one year as a Bond Anticipation Note on December 27, 1981, at an annual interest rate of 8. 95%from Park National Bank as set forth in Ordinance No. 26-81,
NOW, THEREFORE, be
it ordained by the Council of Granville, Ohio,
I: The sum of $82, 801. 99 be and hereby is appropriated to Account E2-5-18-250, entitled "South Pearl Street Sewer
Construction",in the Waste Water
Capital Improvements Fund to provide for Construction of the South Pearl
Street Sanitary Sewer.
This ordinance is hereby declared tobe
an emergency measure. Necessary for the preservation of the public health,
safety, and welfare and therefore shall take effect immediately upon passage.
C1Qilith4,cLerk of pC- ountil
Approved as to form:
day of January